Editor’s Note: SFCU’s not collapsing. Jon “didn’t know we had a joke issue.” Luckily (for you), I have no qualms about publicly embarrassing my bloggers, so it’s staying up. But don’t worry - your PennCash is safe.

First Club Wizzards. Then Bear Sterns. Now the front page of the DP announces yet another corporate meltdown in this same academic year: the Student Federal Credit Union, Penn’s student-run campus bank, is facing “imminent bankruptcy due to heavy losses.” PNC has already offered to buy them out for $2 a share.

Usually, this kind of thing wouldn’t bother me. I’m not really a finance kind of guy; my idea of “smart saving” is my tin can of loose change that I expect to eventually accumulate millions. (So far: $10.73.) But I had a significant portion of my savings in an SFCU account, and now that money might be gone forever. Never has it been more apparent to me that you can’t spell SFCU without “F-U.”

What really irks me about his collapse, though, is that SFCU is run primarily by Wharton students.

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